How much can you borrow?
Turn the monthly payment you can afford into the largest loan that fits it.
You could borrow
€124,189
Limited by the stress test: the payment must still be affordable if the rate rises 3 percentage points.
For guidance only. This is an estimate, not financial advice.
Know what you can afford with Penge
See your real income and spending across every account, so you know what a loan payment actually leaves you.
How is your borrowing power calculated?
The calculator reverses the annuity loan formula. Instead of turning a loan into a monthly cost, it turns the monthly payment you can afford back into the largest loan that fits it, given the interest rate and the number of years. A higher rate or a shorter term means a smaller loan for the same payment. It also applies two common lending rules: your payment must still work if the rate rises 3 percentage points, and the loan is capped at five times your gross annual income. This is still a general estimate and does not include fees, equity requirements or a lender's full assessment.
Why a lender's number will differ
- Your other debt counts. Card limits, car loans and student debt all reduce what a lender will add on top, even when you are not using the full limit.
- You need equity, and it costs. Most mortgages need a deposit plus stamp duty and fees on the side, and none of that is in the loan figure here.
- Lenders test your living costs, not just your payment. They apply a standardised household budget for your family size, so two people on the same income can get very different answers.